New Orleans Comprehensive Zoning Ordinance
Printed: 9/28/2023 9:42:54 AM
17.5.C.2 Whole Building Sustainability Standards and Guidelines
a. Because determination of LEED certification cannot occur until after a building is constructed, the applicant shall submit a binding letter of intent to achieve the required sustainability level together with the development plan and design review application.
b. Prior to the approval of any FAR bonus for whole building sustainability, the applicant shall submit a letter of credit, surety bond, or other financial guarantee approved by the Director of the Department of Finance to ensure ultimate compliance with the sustainability level required for the bonus. The amount of the letter of credit, surety bond, or other approved financial guarantee must be equal to the extra development and construction costs estimated by the Director of the Department of Safety and Permits to be required to achieve the required sustainability level, plus fifteen percent (15%).
c. Within one-hundred twenty (120) days of receiving the final certificate of occupancy, the applicant shall submit documentation that demonstrates achievement of the applicable sustainability level.
d. Failure to demonstrate performance will result in forfeiture of the amount of the letter of credit, surety bond, or other approved financial guarantee to the City. Performance shall be demonstrated through an independent report approved by the U.S. Green Building Council, the City or another organization or entity approved by the City. All amounts collected as a result of forfeiture for non-performance will be used to support green building practices within the city.